Indian Crypto Exchange Giottus Says It Will Provide Proof of Reserves, While Rivals Remain Silent

Indian crypto exchange giottus said it will to provide proof of reserves to customers, but its rivals have remained silent on the matter thus far. By amitoj

Giottus, a lesser-known Indian cryptocurrency exchange but still among the top 10 in the country, says it will provide customers with proof of reserves, even as the rest of India's cryptocurrency exchange industry remains silent on the matter for now.

India's most prominent crypto trading platforms either declined to comment or didn't respond to requests for comments when asked if they would publicly publish their fund reserves or do a"Merkle tree" proof of reserves. CoinDesk reached out to seven of the largest platforms in India. The most prominent of them – CoinDCX, CoinSwitch Kuber and WazirX – declined to comment, while ZebPay, BitBNS and BuyUCoin didn’t respond.

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